Earnings release
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Shell Midstream Partners SHELL MIDSTREAM PARTNERS , L.P. 2nd QUARTER 2021 UNAUDITED RESULTS 2ND QUARTER pursue that upon its diverse portfolio to enhance unitholder value . 2021 Exhibit 99.1 ● The Partnership reported $ 162 million of net income attributable to the Partnership , $ 185 million of net cash provided by operating activities , $ 207 million of adjusted EBITDA attributable to the Partnership and $ 186 million of cash available for distribution . Second quarter distribution reset to $ 0.30 per common unit in order to ensure near - term financial health , provide a long - term sustainable financial framework and allow the Partnership the ability to • Assets continued to perform well during an uncertain macro environment as the Partnership's diverse portfolio was able to offset the impact of the Colonial dividend decision . HOUSTON , July 30 , 2021 - Shell Midstream Partners , L.P. ( NYSE : SHLX ) ( the " Partnership " or " Shell Midstream Partners " ) reported net income attributable to the Partnership of $ 162 million for the second quarter of 2021 , which equated to $ 0.36 per diluted common limited partner unit . Shell Midstream Partners also generated adjusted earnings before interest , income taxes , depreciation and amortization attributable to the Partnership of $ 207 million . Total cash available for distribution was $ 186 million , approximately $ 13 million higher than the prior quarter . This increase was largely driven by continued resilience in offshore volumes , increased Zydeco throughput as new contracts came online , a higher distribution from Explorer driven by refinery turnarounds in the Midwest and one - time benefits from acquisition and divestment activities . These increases were partially offset by Colonial not paying a dividend for the second quarter . " Overall , I continue to be pleased with our underlying business performance and resiliency of both our assets and team , and that showed yet again in the second quarter , " said Steven C. Ledbetter , CEO , Shell Midstream Partners GP LLC . " We believe our decision to rebase the distribution will ensure near - term financial health , provide a long - term sustainable financial framework and allow us the ability to pursue projects that build upon the Partnership's diverse portfolio and enhance unitholder value . " The Board of Directors of our general partner previously declared a cash distribution of $ 0.30 per limited partner common unit for the second quarter of 2021 , which represents a 35 % decrease from the first quarter 2021. The distribution will be paid August 13 , 2021 to unitholders of record as of August 3 , 2021 .